TSUGAMI CHINA (01651) rose nearly 6%, reaching a high of HK$46 and setting another historical peak. At the time of writing, the stock was up 4.93% at HK$45.58, with a turnover of HK$20.364 million. The company recently announced the financial results of its majority shareholder, Japan's TSUGAMI, for the nine months ending December 31, 2025. In China, revenue amounted to 81.58 billion yen, a year-on-year increase of 28.3%, while segment profit reached 22.534 billion yen, up 51.2% compared to the same period last year. A research report from Guotai Haitong Securities indicated that the AI server liquid cooling industry has begun entering a phase of bulk equipment procurement. The company, which primarily focuses on automatic lathe products, holds a clear cost-performance advantage in machining quick liquid cooling connectors. From January to September 2025, it secured equipment orders from dozens of customers, accounting for approximately 5% of domestic order value. Additionally, the company has successfully applied multiple equipment models to process key components of humanoid robots, including planetary roller screws, harmonic reducers, and planetary reducers. During the first three quarters of 2025, TSUGAMI CHINA signed equipment orders with numerous clients, covering automatic lathes, turret lathes, cylindrical grinders, and thread rolling machines.